Forex Market

Data showed that Turkey’s economy grew more than expected at 6.7% in the third quarter, to recover after shrinking about 10% in the previous quarter due to the general isolation measures that were imposed to reduce infections during the first wave of the outbreak of the Coronavirus. This sudden growth, …

Data from the Turkish Statistical Institute showed that the country’s foreign trade deficit rose 34.4% year-on-year in October to $ 2.37 billion under the general trade system. The institute stated that Turkey’s exports increased by 5.6% and imports rose 8.4% compared to October 2019. In the first ten months of …

The US Dollar (USD) is set to record weekly losses after continuing to decline on Friday, amid improved risk appetite among investors. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.10% at 91.90. The index has been moving …

Data from the Turkish Statistical Institute showed today, Friday, that Turkey’s economic sentiment index fell 3.5% on a monthly basis in November to 89.5 points, as an increase in the frequency of new cases of coronavirus pushed Ankara to impose partial restrictions. The index had risen for six consecutive months …

The US Dollar (USD) is showing a relatively positive performance on Thursday, an official holiday in the United States on the occasion of Thanksgiving. The Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, has been moving mostly in the positive territory …

Data showed that the net foreign reserves of the Turkish Central Bank amounted to 18.45 billion dollars on November 20, up from 16.43 billion dollars a week earlier when it reached its lowest level since March 2004. The exchange rate used by Reuters today is 7.6699 compared to 7.7896 the …

The US Dollar (USD) is declining across the board on Tuesday, on the back of higher risk appetite that comes supported by recent positive news about Coronavirus vaccines. The Dollar index (DXY), which measures the USD performance in front of a basket of six major international currencies, is down by …

The Turkish lira fell by up to 2% to more than 8 lira against the dollar on Tuesday, November 24, to continue its losses this week as investors exploited a strong recent rise to form positions of currencies and gold. The pound fell to 8.05 against the US currency, compared …

The Turkish lira fell 1.3% against the dollar as local investors strengthened their positions in foreign currencies and gold, after a strong rise in the Turkish currency recently. The lira fell to 7.76 from Friday’s close of 7.65. The lira rose from a record low of 8.58 this month after …

The Canadian Dollar (CAD) rose against its US counterpart (USD) on Friday, supported by a more than expected increase. The USD/CAD is trading lower for the day by around 0.1% at 1.3061. The Canadian buck has now extended its weekly gain against the greenback to around 0.6%. Earlier today, data …